Anyone think the DOW will re test the channel around 16100 before being rejected ?.. Would give Europe a nice retracement in the process and good level to load more shorts.
Que Sera
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Disliked{quote} Hi Ata. Just wondering what you are targeting for shorts on the DAX ? I was thinking the DOW will probably pull it back up a fair amount...Ignored
Disliked{quote} Hi Sty, as promised, this is my chart to trade reversal pattern. I'm sorry if I cant elaborate more than this (trade secret) . {image} At 161.8% level I see pattern for long to support it. Next level for long is at 261.8%, we see any pattern for long there.Ignored
DislikedWhy I think the great Crash is here. SP500 is on the verge of a Crash based on the 7sma now crossing beneath the 20sma on the Monthly chart along with Bearish Divergence on MACD and RSI. These three indicators look very similar as it is now, in comparison to the last 2 crashes (vertical lines). We all know if US Equities crash, then all Equities markets will crash. Especially with the no2 economy in the world already in the middle of a crash (china). {image}Ignored
DislikedDeutsche Bank is in trouble. Largely due to its large derivatives positions, low margin environment and exposures to China and Energy. These factors are causing panic across banking stocks world-wide. My concern with Deutsche Bank is if their CDS spreads continue to widen too far, then Banks may stop trading with them, then god forbid, it could be another Lehmans. If we get a major Bank that collapses, expect a very sharp drop in Indices world-wide, as risks of contagion will spark a panic leg of selling, just like it did in September 2008 after...Ignored
DislikedEveryone here still short or anyone buying now at these levels? Nikkei ate shit todayIgnored
Disliked{quote} I think the safest way to trade this now, is to trade Asian session like ASX, Nikkei, even Hang Seng in the same direction as European/US session moves from the night before. Today for example, even with the Cash Indices that track market movements overnight, would've netted 90pts on ASX and 350pts on Nikkei by trading in same direction.Ignored